SERGE FERRARI : SECOND QUARTER 2015 REVENUES UP 7%

Actusnews10/07/2015 à 14:55

SergeFerrari Group (FR0011950682) designs, manufactures and distributes innovative flexible composite materials and is listed on Euronext Paris - Compartment C.

Saint Jean de Soudain, July 10, 2015.

The increase in revenues in Q2 2015 is equally the result of growth in volumes combined with an improvement in the product mix, and a favorable exchange rate impact of foreign currencies against the euro.

Regional breakdown of revenues (unaudited)

(€000)	Q2 2015	Q2 2014	Change	H1 2015	H1 2014	Change
Southern Europe (SEUR)	15,845	15,142	4.6%	29,497	28,018	5.3%
Wide Europe (WEUR)	15,188	15,265	-0.5%	27,348	27,198	0.6%
Rest of World (ROW)	10,718	8,650	23.9%	18,234	16,623	9.7%
Total flexible composite materials	41,751	39,057	6.9%	75,079	71,839	4.5%
Other products	1,956	1,809	8.1%	3,914	4,003	-2.2%
Total revenues	43,707	40,866	7.0%	78,993	75,842	4.2%

Ongoing roll-out of the development plan

The Group continues to hire sales staff, increasing the headcount from 122 at the end of 2014 to 125 as of June 30, 2015. This number is set to reach 140 by the end of the year, in line with the development plan.

The showroom opened in February 2015 has received an excellent response from specifiers, architects and engineering firms, and confirms the merits of using an exhibition and promotional space in Paris to showcase Serge Ferrari's latest products.

Reporting of H1 2015 earnings

SergeFerrari Group will publish its H1 2015 earnings on September 2, 2015 after close of trading.

2015 outlook

SergeFerrari Group is targeting further growth in its revenues and profit margins.

Find all Company details at www.sergeferrari.com

SERGE FERRARI CONTACT
Philippe Brun
Chief Financial Officer
investor@sergeferrari.com

INVESTOR/MEDIA CONTACT
Amalia Naveira/Marie-Claude Triquet
Actus Lyon
Tel: 00 33 4 72 18 04 93
anaveira@actus.fr/mctriquet@actus.fr

About Serge Ferrari

Serge Ferrari Group designs, makes and distributes high-tech eco-responsible flexible composite materials in a global market with an estimated medium-term value of €31 billion. The unique characteristics of these products make them ideal for technical applications in three fields: architecture, specialties for industry professionals, and composite membranes for the consumer market. The Group's principal competitive advantage lies in its differentiating technology – Précontraint® - and its associated proprietary industrial know-how. The Group has three production sites: one in France and two in Switzerland. Serge Ferrari is present in 80 countries through four subsidiaries (in the US, Japan, Hong Kong, Brazil), 5 representative offices (in Spain, Turkey, China, Singapore and Dubai) and a network of more than 100 distributors. At the end of 2014, Serge Ferrari posted consolidated revenue of €142,3 million of which 75% was achieved outside France, with 605 employees. The company SergeFerrari Group is listed on Euronext Paris – Compartment C (ISIN code: FR0011950682). The SergeFerrari Group share is eligible for PEA-SME and FCPI Investment. SergeFerrari Group is listed on Euronext Paris - Compartment C

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Full and original press release in PDF:
http://www.actusnews.com/documents_communiques/ACTUS-0-40666-SEFER-100715-CA-T2-15-GB.pdf

SERGE FERRARI : SECOND QUARTER 2015 REVENUES UP 7%
information fournie par Actusnews 10/07/2015 à 14:55

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SERGE FERRARI : SECOND QUARTER 2015 REVENUES UP 7% information fournie par Actusnews •10/07/2015 à 14:55